CNA Financial Corporation (CNA) financial statements (2020 and earlier)

Company profile

Business Address CNA
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1031,5961,7911,6782,0471,8961,602
Cash and cash equivalents242310355271387190195
Short-term investments1,8611,2861,4361,4071,6601,7061,407
Total current assets:2,1031,5961,7911,6782,0471,8961,602
Noncurrent Assets
Operating lease, right-of-use asset220
Property, plant and equipment282324326310343295304
Intangible assets, net (including goodwill)216214220214231237248
Goodwill147146148145150152155
Intangible assets, net (excluding goodwill)69687269818593
Deferred income tax assets199
Total noncurrent assets:917538546524574532552
Other undisclosed assets57,59255,01854,23053,03152,42653,13855,040
TOTAL ASSETS:60,61257,15256,56755,23355,04755,56657,194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  150 350 1,098
Total current liabilities:  150 350 1,098
Noncurrent Liabilities
Long-term debt and lease obligation2,6792,6802,7082,7102,2122,5592,011
Long-term debt, excluding current maturities2,6792,6802,7082,7102,2122,5592,011
Total noncurrent liabilities:2,6792,6802,7082,7102,2122,5592,011
Other undisclosed liabilities45,71843,25541,46540,55440,72940,21341,434
Total liabilities:48,39745,93544,32343,26443,29142,77244,543
Stockholders' equity
Stockholders' equity attributable to parent12,21511,21712,24411,96911,75612,79412,651
Common stock683683683683683683683
Treasury stock, value(70)(57)(60)(73)(78)(84)(91)
Additional paid in capital2,2032,1922,1752,1732,1532,1512,145
Accumulated other comprehensive income (loss)51(878)32(173)(315)400442
Retained earnings9,3489,2779,4149,3599,3139,6459,495
Receivable from officers and directors for issuance of capital stock     (1)(23)
Total stockholders' equity:12,21511,21712,24411,96911,75612,79412,651
TOTAL LIABILITIES AND EQUITY:60,61257,15256,56755,23355,04755,56657,194

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,76710,1349,5429,3669,1019,69210,113
Premiums earned, net7,4287,312
Financial services revenue6,9886,9246,9217,2127,271
Cost of revenue(7,189)(6,907)(6,543)(6,518)(6,924)(6,908)(5,927)
Policyholder benefits and claims incurred, net(5,783)(5,547)
Deferred policy acquisition costs, amortization expense(1,383)(1,335)(1,233)(1,235)(1,540)(1,317)1,362
Financial services costs(5,288)(5,270)(5,372)(5,577)(5,927)
Gross profit:3,5783,2272,9992,8482,1772,7844,186
Operating expenses(1,142)(1,202)(1,528)(1,552)(1,473)(1,711)(1,371)
Other operating income (expense), net
(Other Expenses)
(235)(301)(591)(589)(535)(548)474
Operating income:2,2011,7248807071695253,289
Nonoperating expense     (26)(23)
Investment income, nonoperating     (1)(25)
Foreign currency transaction gain (loss), before tax     (25)2
Interest and debt expense(131)(138)(161)(159)(155)(183)(166)
Income from continuing operations before equity method investments, income taxes:2,0701,586719548143163,100
Other undisclosed income (loss) from continuing operations before income taxes(847)(622)591589535891(1,787)
Income from continuing operations before income taxes:1,2239641,3101,1375491,2071,313
Income tax expense(223)(151)(411)(278)(70)(319)(376)
Income from continuing operations:1,000813899859479888937
Loss from discontinued operations     (14) 
Net income:1,000813899859479874937
Other undisclosed net loss attributable to parent     (183) 
Net income available to common stockholders, diluted:1,000813899859479691937

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,000813899859479874937
Other comprehensive income (loss)929(894)205142(715)(42)(389)
Comprehensive income (loss):1,929(81)1,1041,001(236)832548
Other undisclosed comprehensive loss, net of tax, attributable to parent     (183) 
Comprehensive income (loss), net of tax, attributable to parent:1,929(81)1,1041,001(236)649548

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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